The globalized weighted average levelized cost of electricity (LCOE) of utility-scale solar plants stood at $0. 043/kWh in 2024, according to the latest report from the International Renewable Energy Agency (IRENA). The BloombergNEF study has reported that global benchmark costs for a four-hour battery system fell 27%. NEW YORK, June 16, 2025 – Lazard Inc. (NYSE: LAZ) is proud to announce the release of the 18th edition of its Levelized Cost of Energy+ (LCOE+) report, a widely-cited, annual analysis that provides insights into the cost competitiveness of various energy generation technologies. It analyzes the LCOE from today, in the year 2024, up to the year 2045. Now in its 18th year, the report explores key aspects of energy generation, energy storage, and system-level considerations. This document presents average values of levelized costs for new generation resources as represented in the National Energy Modeling System (NEMS) for our Annual Energy Outlook 2026 (AEO2026) Counterfactual Baseline case and select side cases.
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